Bitcoin / Dollar intraday: the upside prevails as long as 118510 is support
Our pivot point is at 118510.
Our preference:
The upside prevails as long as 118510 is support.
Alternative scenario:
The downside breakout of 118510 would call for 117310 and 116590.
Comment:
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 119123 and 118543).
